Xponance Inc. Acquires 8,647 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Xponance Inc. boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 59.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,138 shares of the company’s stock after acquiring an additional 8,647 shares during the quarter. Xponance Inc.’s holdings in Floor & Decor were worth $2,581,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after buying an additional 113 shares in the last quarter. Roundview Capital LLC lifted its position in shares of Floor & Decor by 0.7% during the 3rd quarter. Roundview Capital LLC now owns 18,735 shares of the company’s stock worth $1,696,000 after buying an additional 129 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Floor & Decor by 2.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock worth $490,000 after buying an additional 136 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Floor & Decor by 11.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,642 shares of the company’s stock worth $149,000 after buying an additional 164 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Floor & Decor by 3.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,991 shares of the company’s stock worth $452,000 after buying an additional 165 shares in the last quarter.

Insider Activity

In other news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the sale, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Floor & Decor Stock Up 0.4 %

FND opened at $108.51 on Tuesday. The company has a fifty day moving average price of $118.93 and a 200-day moving average price of $104.84. The firm has a market capitalization of $11.59 billion, a P/E ratio of 47.80, a price-to-earnings-growth ratio of 5.21 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on FND. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. The Goldman Sachs Group raised their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Wedbush raised their price target on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. TD Cowen started coverage on shares of Floor & Decor in a research note on Wednesday, April 10th. They set a “hold” rating and a $125.00 price target for the company. Finally, Evercore ISI decreased their price target on shares of Floor & Decor from $125.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.19.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.